Western Asset Short-Term Bond I (SBSYX)
| Fund Assets | 255.82M |
| Expense Ratio | 0.43% |
| Min. Investment | $1,000,000 |
| Turnover | 86.00% |
| Dividend (ttm) | 0.16 |
| Dividend Yield | 4.43% |
| Dividend Growth | 10.13% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 3.720 |
| YTD Return | 2.09% |
| 1-Year Return | 2.68% |
| 5-Year Return | 5.56% |
| 52-Week Low | 3.660 |
| 52-Week High | 3.720 |
| Beta (5Y) | n/a |
| Holdings | 471 |
| Inception Date | Feb 7, 1996 |
About SBSYX
Western Asset Short-Term Bond Fund Class I is an actively managed mutual fund focused on short-duration, investment‑grade fixed income. Its primary objective is to provide current income while preserving capital and maintaining liquidity, achieved by keeping the portfolio’s average effective maturity at not more than three years. The fund invests across multiple sectors—including corporate credit, asset‑backed securities, agency and non‑agency mortgage‑backed securities, Treasuries, commercial paper, and select emerging market debt—using Western Asset’s global research platform and a value‑oriented approach that blends top‑down macro views with bottom‑up security selection. The portfolio emphasizes high‑quality bonds, typically maintaining substantial exposure to AAA–BBB rated securities, to manage credit risk and dampen volatility over interest rate cycles. Positioned within the short‑term bond category, Western Asset Short-Term Bond Fund Class I serves as a core short-duration holding for investors seeking diversified fixed income exposure with an emphasis on liquidity and risk control, and it plays a role in cash segmentation strategies and liability-aware portfolios by aiming to balance income generation with limited interest rate sensitivity.
Performance
SBSYX had a total return of 2.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.92%.
Top 10 Holdings
20.39% of assets| Name | Symbol | Weight |
|---|---|---|
| Legg Mason Partners Inst Trust - Western Asset Premier Institutional Government Reserves Fund | WACXX | 4.17% |
| United States Treasury Notes 0.625% | T.0.625 07.31.26 | 3.97% |
| United States Treasury Notes 4% | T.4 07.31.32 | 3.03% |
| United States Treasury Notes 3.875% | T.3.875 07.31.30 | 2.26% |
| United States Treasury Notes 4.125% | T.4.125 10.31.29 | 2.07% |
| Enterprise Products Operating LLC 3.7% | EPD.3.7 02.15.26 | 1.12% |
| United States Treasury Notes 4% | T.4 02.28.30 | 1.06% |
| Federal National Mortgage Association 5.74839% | FNR.2025-18 FH | 0.91% |
| Mars Inc. 4.6% | MARS.4.6 03.01.28 144A | 0.90% |
| Government National Mortgage Association 5.09798% | GNR.2022-H08 FA | 0.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.01398 | Sep 30, 2025 |
| Aug 29, 2025 | $0.01473 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01397 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01306 | Jun 30, 2025 |
| May 30, 2025 | $0.01438 | May 30, 2025 |
| Apr 30, 2025 | $0.01323 | Apr 30, 2025 |